ePharmacy Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

E-prescription is the electronic prescribing technology that permits healthcare professionals to go paperless by sending prescriptions in digital format instead of handwritten prescriptions. Doctors now prefer e-prescriptions to enable patients to get easy access to medicine with the help of e-prescriptions. The significant advantage of e-prescription is that one can easily upload their e-prescription on the e-pharmacy website and order medicine online without any obstacle. Therefore, due to the rising implementation of e-prescriptions, uploading the prescription online has become easy and less time-consuming..

MARKET SCOPE

The "Global EPharmacy Market Analysis to 2031" is a specialized and in-depth study of the pharmaceutical industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ePharmacy market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading ePharmacy market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on drug type, the global ePharmacy market is segmented into over the counter drugs, prescription drugs.
  
•  On the basis of product, the market is segmented into skin care, dental, cold and flu, others.
  

MARKET DYNAMICS

Drivers:

•  Rise in the number of internet consumers.
  
•  Growing access to web-based and online services.
  
•  Rising implementation of e-prescriptions in hospitals and other healthcare services
  

Restraints:

•  The increasing number of illegal online pharmacies, and low penetration in rural areas in developing countries is the major restraining factor for this market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ePharmacy market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ePharmacy market in these regions.

IMPACT OF COVID-19 ON EPHARMACY MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the ePharmacy market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ePharmacy market are anticipated to lucrative growth opportunities in the future with the rising demand for ePharmacy in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ePharmacy market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  CVS Health Corporation
  
•  DocMorris
  
•  Giant Eagle Inc.
  
•  Rowlands Pharmacy
  
•  The Kroger Corporation
  
•  Walmart Stores Inc.
  
•  Walgreen Co.
  
•  Express Scripts Holding Company
  
•  VS Health
  
•  OptumRx, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

ePharmacy Report Scope